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Snow, ice hamper auto production in the South
DETROIT -- Auto plants in the southeastern United States, where cities were gridlocked by snow and ice this week, canceled some shifts, and parts shortages caused by the storms have slowed production in other regions of the country. Autonews.com
Submitted 2 years 110 days ago

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Panama’s $5 Billion Canal Upgrade Jolts U.S. Ports From California to New Jersey
It’s an overcast morning as the Zim Shanghai squeezes through the narrow locks near the eastern end of the Panama Canal. The ship is part of a dwindling fleet that still uses the waterway to transport stacks of freight containers from Asia. Just west of the canal, a new shipping lane is taking shape -- one that is designed to bring Asian vessels back, Bloomberg Markets magazine will report in its March issue. Cranes rise above the jungle, while Caterpillar (CAT:US) trucks the size of two-story houses carry away some of the 50 million tons of dirt and rock being excavated. The work goes on seven days a week, 24 hours a day, with about 6,000 workers suffering through tropical humidity and an eight-month rainy season. Businessweek
Submitted 2 years 110 days ago

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Auto supplier bringing 220 jobs to River Ridge
A 300,000-square-foot automotive parts plant is headed for Southern Indiana’s River Ridge Commerce Center, bringing 220 jobs to the area. Business First
Submitted 2 years 110 days ago

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Texas ranks No. 7 for disclosures of state-paid jobs incentives
Texas does a better job than most other states when it comes to disclosing how its taxpayer-subsidized jobs programs work, says Good Jobs First, which bills itself as a non-partisan watchdog focusing on economic development efforts. In a report titled "Show Us the Subsidized Jobs," released Wednesday, the group said Texas has the seventh-best disclosure practices, although even the leader, Illinois, only scored a 65 on a scale of 100. Texas earned a 40 overall. star-telegram.com
Submitted 2 years 110 days ago

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Singer Clay Aiken launches bid for Congress in NC


Submitted 2 years 110 days ago

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Eastern Kentucky sheds 2,232 more coal jobs in 2013, a 23 percent decline
Coal production and jobs in Eastern Kentucky continued to fall in the final three months of 2013, leaving regional employment in the industry at an historic low. Coal mines and preparation plants in the state's beleaguered eastern coalfield laid off 2,232 employees in 2013, leaving an average of only 7,332 people with jobs from October through December, according to a report released Tuesday by the Kentucky Energy and Environment Cabinet. Lexington Herald Leader
Submitted 2 years 110 days ago

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Economic development pilot gets underway
The Florida Department of Economic Opportunity believes the community that plans will be the more competitive community when it comes to economic development. Last week, representatives of the DEO and the city of Port St. Joe began that planning process as part of a pilot project called Competitive Florida. The city is one of four areas – three other Florida cities as well as DeSoto County – to be included in the pilot project, which aims to provide local officials with a foundation for assessing community assets and tailored to those assets a plan for future economic development. The Star
Submitted 2 years 110 days ago

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Heritage Millworks, Mitsui Kinzoku among companies receiving Kentucky tax incentives
The Kentucky Economic Development Finance Authority board, at its monthly meeting Thursday, approved tax incentives for Heritage Millworks, Mitsui Kinzoku Catalysts America and other companies that are considering new investments in the state. The approval of tax incentives outlines the state's commitment to a project should it occur in Kentucky. Lexington Herald-Leader
Submitted 2 years 110 days ago

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Ga. pickle plant expected to create up to 50 jobs
MACON, GA. — A sliced-pickle plant planned for central Georgia is expected to create up to 50 jobs. The plant is being opened in Bibb County by Mr. Chips Inc., a subsidiary of Pinconning, Mich.-based Bay View Food Products Co. sanluisobispo.com
Submitted 2 years 110 days ago

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Finally 'we can feel comfortable'
These days, when Georgia Ports Authority Executive Director Curtis Foltz takes to the stage, it’s a pretty safe bet that he’s there to talk about the Savannah Harbor Expansion Project, a plan to deepen the shipping channel at Garden City and Ocean terminals from 42 to 47 feet. Savannah Morning News
Submitted 2 years 110 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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